McAuley Station Affordable Housing Breaks Ground in Sweet Auburn
Pennrose and Saint Joseph Health System (Mercy Care) recently celebrated the inauguration of McAuley Station – Previously McAuley Park Phase I — in the Sweet Auburn neighborhood.
The first phase of the comprehensive McAuley Park planned community will include 170 affordable and workforce housing apartments and 175 parking spaces, at 375 Gartrell Street SE.
The McAuley station will include studios, one-bedroom and two-bedroom apartments. Of the total units, 30 are available for residents earning up to 30% of area median income (AMI), 101 units at 60% AMI, and 29 labor housing units at 80% AMI , according to a press release. The remaining ten units will be transitional/respite units for Mercy Care patients.
The planned community includes Mercy Care’s recently completed clinic expansion – a 36,000 square foot expansion that includes a resource center for partner agencies that serve the Mercy Care population.
The expansion will allow Mercy Care to serve an additional 3,000 patients a year, many of whom are uninsured or unable to pay for services, according to the release. When completed, McAuley Park’s multi-phase master plan will add 270 affordable units for families, seniors and the workforce adjacent to Mercy Care, a community health center with a network of integrated primary care clinics and behavioral health and the only local health care for the homeless. organization.
“Studies show that housing quality, stability, safety and affordability are directly linked to improved health outcomes,” Amon Martin, regional vice president of Pennrose, said. “We are extremely proud of our housing and health care partnership with Saint Joseph Health System to provide families in Atlanta with affordable, high-quality housing and increased access to care.”
Residents of McAuley Park will have direct access to medical services from Mercy Care providing them with safe and secure housing as well as reliable and affordable health care. The all-new rental community also offers a host of on-site amenities, including a rooftop terrace with panoramic views of downtown Atlanta, resident lounges, a fitness center, and a fitness center. business. It is located across from MLK MARTA Station and MLK Swimming and Recreation Center providing access to community services.
Leasing of McAuley Station is expected to begin in the spring of 2024. Phase II of the master plan includes 100 affordable, self-contained units for seniors 62 and older.
Funding for the project was provided by $26 million in bonds issued by Invest Atlanta and placed privately with Truist Bank. These bonds will serve as financing for the construction of the project. A $30 million private equity investment from Truist, generated by an allocation from LIHTC from the Georgia Department of Community Affairs. DCA contributed $3 million in home loans and $4 million in funding from the National Housing Trust Fund. Trinity Health Care provided a favorable $4 million loan to the project and Invest Atlanta provided a $4 million grant through its TAD Eastside program. Partners for HOME provided $1.2 million in grant funds and Saint Joseph’s provided $4.37 million to support the project’s shared parking lot.